Markets started the week in “what now?” mode, as traders nervously eyed bond yields for
Month: February 2021
Don’t Be A Hero Without The Fed
Some were “undaunted” by the second week of losses for US equities, which finally seemed
Vigilante Attack And The Lost Labor Market
Traders will stare down a deluge of data and a bevy of Fed speakers in
Yields ‘Emphatically Not’ High Enough To Threaten Stock Valuations: Goldman
For as long as I can remember (which, admittedly, isn’t usually very long given that
Free Money And What To Do With It
$1,400 stimulus checks are coming. That’s good news for the 10 million Americans who had
Stimulus And The Tyranny Of ‘Practicality’
The House passed Joe Biden’s $1.9 trillion virus relief bill early Saturday. It was not
Bon(d)fire And The Great Wage Debate
US markets calmed down a bit Friday as gloved traders and investors sifted through the
Let’s Tell A Risk Parity Ghost Story
The equity rally is the greatest-of-all-time, the V-shaped macro recovery is the greatest-of-all-time, [and] the
The Bond Tantrum Canaries
A while back — and I endeavored to find the relevant articles Friday morning, but
US Blames Bin Salman For Khashoggi. Will Punish Some Other People
More than two years after dissident journalist and Washington Post columnist Jamal Khashoggi was murdered
Here’s What Stimulus Did For Incomes In January
Given the backdrop, it was doubtful that market participants were inclined to read too much
In Bond Tantrum, Markets Argue For Their Own Extinction
“So much of the rally in equities was built on easy money,” Bloomberg’s Eddie van
Harley Bassman Presents: ‘Seeking Treasure with Convexity’
And while I am being honest, let me further reveal that my membership in the
Idiocy And The Art Of Getting Lost
This brings us closer to answering the nagging question that just won’t go away: Why
Spooked Market Turns To ‘Bogus’ Convexity Narrative Amid Bond Rout
The red-hot US housing market (the “giant flaming marshmallow,” as I’ve called it), may be
Coinbase To Go Public With $100 Billion Valuation, No Address
Coinbase is going public in a direct listing. And why wouldn’t it? I’m a simple
Albert Edwards Says MMT ‘Captured’ Biden, Warns Of Stock ‘Riot’
A few weeks ago, while describing a meeting at the White House between Joe Biden,
Jobless Claims Fall, But Remain Embarrassingly High
In a welcome reprieve, US jobless claims fell sharply last week. 730,000 Americans filed for
Playing The Real Game
The “memes” are back. GameStop and other manifestations of last month’s Reddit mania started grabbing
Marko Kolanovic Finds A Bubble – In The VIX
Marko Kolanovic says the VIX is “bound to decline.” In a Wednesday note, Kolanovic blamed
Bank On It
It’s good to be the bank. You know, just in a kind of general sense.
Critical Systems
Some of the Fed’s critical systems went down on Wednesday. But not the ones that
A Half-Million Dollar Home Is Where The Heart Is
Don’t count the “bubble” burst just yet. While some recent evidence (both anecdotal and otherwise)
Raiders Of The Lost ARK
They’ll turn on you fast. Anyone who’s ever enjoyed even a modicum of success involving
Exchange Rate
European and US equities appeared largely inattentive to a selloff in Asia Wednesday. In Hong
‘Dip’pin Dots
“I would be surprised if there was support in the Republican caucus if the bill
